Brussels, 15/10/2014 (Agence Europe) - On Wednesday 15 October, the European Commission ordered the Spanish authorities to recover illegal state aid granted in tax benefits in favour of acquisitions abroad.
The measure is not a new one and has already been the subject of two decisions by the Commission. In 2009, the Commission found it to be incompatible with EU rules on state aid and the tax provision which allows Spanish companies to amortise business assets over 20 years, in the event of...